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City Receives Financial Reporting Certificate for 24th Year
Released on Friday, February 24th, 2012
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Mike Beckstead, Chief Financial Officer, , 221-6788John Voss, Accounting and Financial Reporting Manager, , 221-6772
The City of Fort Collins recently received a Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada (GFOA). The certificate recognizes the City’s comprehensive annual financial report (CAFR) for the year ended December 31, 2010. This is the 24th consecutive year that the City has received this prestigious award.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. In order to earn the certificate, a government must publish an easily readable and efficiently organized comprehensive annual report. This report must satisfy both legal requirements and accounting principles generally accepted in the United States.
The certificate for the 2010 report was awarded to John Voss, Accounting and Financial Reporting Manager, who served as the Interim Finance Director for 2010-2011.
“This award recognizes the high quality work John and the rest of our Finance department put in to both managing and reporting the City’s financial picture,” said Mike Beckstead, Chief Financial Officer. “That the City has received this recognition year after year is a tribute to our goal of highly transparent and accountable City government.”
The City’s CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
The 2010 CAFR is available online at http://www.fcgov.com/finance/pdf/cafr-2010.pdf??07082011. The 2011 report will be published in the second quarter of this year.
The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting. In order to earn the certificate, a government must publish an easily readable and efficiently organized comprehensive annual report. This report must satisfy both legal requirements and accounting principles generally accepted in the United States.
The certificate for the 2010 report was awarded to John Voss, Accounting and Financial Reporting Manager, who served as the Interim Finance Director for 2010-2011.
“This award recognizes the high quality work John and the rest of our Finance department put in to both managing and reporting the City’s financial picture,” said Mike Beckstead, Chief Financial Officer. “That the City has received this recognition year after year is a tribute to our goal of highly transparent and accountable City government.”
The City’s CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.
The 2010 CAFR is available online at http://www.fcgov.com/finance/pdf/cafr-2010.pdf??07082011. The 2011 report will be published in the second quarter of this year.